The EU is eliminating customs duty exemptions for low-value packages, meaning ecommerce sellers must now collect and remit import taxes on all cross-border orders or face extra fees and delays. ePow Global offers a service to handle tax and duty compliance for merchants, with a limited-time free offer available.
The European Union recently announced plans to accelerate removal of the customs duty exemption for low-value packages. Currently, packages worth more than €150 attract customs duty, and this can be problematic for merchants to calculate. But this will now be extended to all packages, no matter the value. This change was expected but was thought to be years away. However, recent developments in cross-border trade, particularly the removal of the tariff exemption for packages sent to the United States, has led the EU to bring the rule change forward. This means that ecommerce merchants will need to correctly calculate, collect, and remit the correct import taxes and customs duties for every single package they sell cross-border, or have these charges added by customs authorities on arrival, along with handling and administration charges and delivery delays, all of which are known to result in dissatisfied customers. Merchants who want to focus on cross-border selling, instead of monitoring tax and duty regulations to ensure correct calculations, can take advantage of a service like ePow Global to handle all of this on their behalf. And right now, ePow Global is giving forward-thinking ecommerce merchants thousands of euros worth of cross-border transactions, fee-free. If you are selling into the EU, or want to, you can take advantage of this limited-time offer at epowglobal.com.
